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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (27952)9/15/1998 5:59:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
That's what I thought about Malaysia about 35% ago. <G>

I know that you are a technician, GZ, but when you look at what is happening around the world, how can you be bullish? I'm not just talking about the markets, but the economics. Much of SEA is clearly in a severe contraction. Japan can't seem to get it's act together. There is a huge trade imbalance as a result of the implosion of currencies other than the dollar which can only get worse for the rest of the year and into 1999. There is increasing political instability which follows this. We have a president, which I would personally not give better than a 50/50 shot at finishing out his term. Asset values are very high by historical norms and earnings are heading down, not up.